Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
On H4, at a pullback near the support level the a Harami reversal pattern has formed. Currently, the pair can go by the signal in an ascending wave. The goal of growth is 1.0090. However, the quotes may pull back to 0.9915, bounce off the level, and continue the uptrend after the correction.
USDJPY, “US Dollar vs Japanese Yen”
On H4, at the support level the pair has formed a Hammer reversal pattern. The pair is now going by the signal in an ascending wave. The goal of growth is 147.80. However, the quotes may pull back to 145.00 and continue the uptrend after the correction to the support level.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
EURGBP, “Euro vs Great Britain Pound”
On H4, the pair has formed an Engulfing reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the growth may be the resistance level of 0.8760. Upon testing and breaking through it, the pair has a chance for continuing the uptrend. However, it may still pull back to 0.8565 before growing to the resistance level.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- COT Metals Charts: Speculator bets led by Platinum & Copper May 11, 2024
- COT Bonds Charts: Speculator bets led by Fed Funds & Ultra 10-Year Bonds May 11, 2024
- COT Stock Market Charts: Speculator bets led by DowJones & Russell 2000 May 11, 2024
- COT Soft Commodities Charts: Speculator bets led by Corn & Soybeans May 11, 2024
- Natural gas prices are rising amid falling inventories. The Bank of England expectedly kept the rate May 10, 2024
- Strong data on China’s trade balance fuels Asian indices May 9, 2024
- How does the brain think? May 9, 2024
- Target Thursdays: UK100, Wheat & EURUSD hit targets! May 9, 2024
- USDSEK: Golden cross on the horizon? May 8, 2024
- Oil prices are rising amid rumors of increased production by OPEC countries. European indices are growing amid the “dovish” position of the ECB May 8, 2024